Whatever your political leanings, the next few months and years will bring significant change to the business landscape. And whether you believe those changes are for the better or not, if your business does not adjust in line with the new economic circumstances, you will risk being left behind.
Michael Gerber, in E-Myth Mastery, says “Change is the one constant for every business in today’s global economy, and your success will depend as much on your ability to embrace change and use it as a resource as it will on the production of your product.”
However, many business owners and managers find “change” difficult, or at the very least challenging to implement across the enterprise.
Gerber is clear that all businesses need to evolve and change as the landscape changes (although I don’t think he would have envisaged the pace of change that we now face!). It can be an opportunity to test out systems and processes, and learn more along the journey. It can give you the freedom to innovate – not necessarily develop new products, but also new systems and business processes. It is also not necessary to invest a lot of money in the exercise – although time is a precious resource, and has a cost.
Many prospects come to me to look at implementing new systems, but the barriers are likely to be time and resistance to change, rather than budget in pounds. And there is no point throwing money at a business issue, if there is no investment of time and effort to implement it fully into the business.
So, what do we need to do? (And I must include myself in this!)
Change can fuel your company’s growth in ways that money and technology can’t.
We need to develop a vision for our business. Yes, there will be new challenges, but in many cases that will reveal new opportunities.
We need to build the best structure in our business to deliver the vision. This does not just mean the “org chart” – it’s the entire process and way of doing business.
We need to get engagement from our team – Gerber is also keen to point out that “compliance” is not enough – the team needs to be fully involved in the entire process, and they need to have the right tools, and the training to use them.
We need to develop a culture in our enterprises that embraces change – to be ready for the challenging times ahead!
If you’re interested in looking at your business systems and processes then get in touch for a free discovery call!